(WASHINGTON, DC) – Today, the Office of the Deputy Mayor for Planning and Economic Development (DMPED), the Washington, DC Economic Partnership (WDCEP), and World Trade Center Dublin (WTC Dublin) announced a new collaboration to attract Irish businesses and companies by providing dedicated support through the Washington, DC Global Soft Landing program.| dmped.dc.gov
Office of the Deputy Mayor for Planning and Economic Development| dmped.dc.gov
Housing in Downtown is an innovative program designed to catalyze new residential development through commercial-to-residential conversion via a 20-year tax abatement. The program is expected to help achieve 90% of the Mayor’s goal of 15,000 new residents Downtown by 2028. The program is competitive, with available funds set by program caps:| dmped.dc.gov
The Central Washington Activation Conversion Program (Office-to-Anything Program) is a new program that will further catalyze Downtown recovery in the District. The program would encourage the repositioning of office space into new, activated commercial, entertainment or retail spaces via a 15-year temporary tax freeze. The Activation Program is designed to complement the District’s Housing in Downtown program, and therefore is not available for properties converting to residential use.| dmped.dc.gov